Citigroup Maintains Neutral on Packaging Corp of America, Raises Price Target to $221
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Anthony Pettinari maintains a Neutral rating on Packaging Corp of America (NYSE:PKG) but raises the price target from $199 to $221.
October 02, 2024 | 7:22 pm
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Citigroup has maintained its Neutral rating on Packaging Corp of America but increased the price target from $199 to $221, indicating a positive outlook on the stock's potential.
The increase in price target from $199 to $221 by Citigroup suggests a positive outlook for PKG, which could lead to a short-term price increase. However, the Neutral rating indicates that the stock may not outperform the market significantly.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100